New York-based AI software company Clay, co-founded and led by Egyptian entrepreneur Kareem Amin, has raised $115mn in Series D financing at a $7.1bn valuation, marking another sharp increase in its value as investors move deeper into the commercial application layer of artificial intelligence.
Wellington Management led the round, with participation from existing and new investors including Sequoia Capital, Andreessen Horowitz, CapitalG, DST Global, Meritech and StepStone. The financing will support Clay’s development of AI-powered systems that automate corporate sales, customer research and revenue generation.
Founded in Brooklyn, Clay provides a data and automation platform that allows corporate sales and marketing teams to identify potential customers, enrich business information and deploy AI agents across commercial workflows.
The company said revenue expanded fourfold in 2025 and that annualised recurring revenue is on track to reach about $200mn. Clay now serves more than 17,000 customers, including 80% of companies on the Forbes AI 50, with users including OpenAI, Anthropic, Google, Stripe, Visa, Siemens and ElevenLabs.
Its valuation has accelerated rapidly. Clay was valued at $3.1bn in August 2025, before an employee tender offer lifted its implied valuation to $5bn in January 2026. The latest financing takes that figure to $7.1bn, placing the company among the most highly valued private businesses operating in AI-enabled sales technology.
The transaction also provides a significant international technology success story for Egyptian entrepreneurship. Clay is a US-headquartered company and the investment does not represent Egyptian startup funding or foreign direct investment into Egypt, but Amin’s role highlights the increasing presence of Egyptian technology talent in globally financed AI businesses.
More broadly, Clay’s rise illustrates a widening investment shift beyond developers of foundation models. Capital is increasingly targeting companies capable of converting AI into measurable corporate productivity and revenue, potentially making the application layer one of the next major battlegrounds for value creation in the global AI economy.
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